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Overstock To Pay Some Ohio Business Taxes With Bitcoin

PYMNTS

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. Ohio is the first U.S. state to offer this way of paying for business taxes, noted Overstock in the press release. “We Byrne said in prepared remarks. “We

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Ohio Treasurer Suspends Bitcoin Business Tax Payment Program

PYMNTS

The state of Ohio has decided to end its support for bitcoin tax payments, state Treasurer Robert Sprague announced this week. In a statement published on Sprague’s official website this week, the treasurer said “OhioCrypto.com,” the website that allows businesses to pay their taxes in cryptocurrency, would be suspended immediately.

Ohio 43
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Sikich Goes Shopping in Cleveland, Acquires Thornhill Financial

CPA Practice

Jason Tuma “Northeast Ohio is a priority market for Sikich and I’m excited to continue our investment in this geography with the addition of the Thornhill Financial team,” Jason Tuma, Northeast Ohio market expansion leader at Sikich, said in a press release. The firm also specializes in supporting high-net-worth clients.

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Bipartisan Senate Tax Plan Would Expand Credits for Businesses, Children, and Low Income Housing

CPA Practice

Senate Finance Chairman Ron Wyden and House Ways and Means Chairman Jason Smith unveiled a roughly $78 billion tax deal Tuesday that would revive a trio of business tax credits, expand the child tax credit and boost low-income housing. aim to pass the tax package before Jan. Wyden, D-Ore., and Smith, R-Mo.,

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Not Having a Speaker is Threatening Many Key Areas Like Tax

CPA Practice

Among the items now stalled are a measure to extend federal banking protections to marijuana companies operating in states where the drug is legal and negotiations to restore tax breaks for business spending on research and development. Companies have made plans to invest more than $230 billion in U.S. in Arizona and Intel Corp.

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Can The Senate Finance Committee Save U.S. Research And Innovation?

Withum

Crapo continued the discussion by praising the panelists for their examples of why extending the three business tax provisions from the Tax Cuts and Jobs Act is so critical. The immediate deduction of research expenditures is imperative for the growth of business. and other innovative countries. Research And Innovation?

Finance 59
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Answers to Retail Business Questions About Sales Taxes

CPA Practice

For example: Ohio requires Ohio vendors to source internet, mail order, or phone sales to Ohio consumers to the location where the order was received, if known. Texas requires businesses to collect local sales tax based on “the location where the sale or use is ‘consummated,’” which may be the seller’s place of business.

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